Stocks.. Nasd 100…shows a head & shoulders top formation on both the daily and weekly chart. 3250’s is the first place to look for a bounce. Recovery and a close over 3358 would have me thinking this was a one … Continue reading
Stocks.. Spu’s…1676 becomes near support. Only price action under 1671 changes the pattern. Maintaining and closing over 1687 will lead to a test of 1705.1692.25 is the weekly ORH # Nasd 100…3251.25 is the weekly ORH# Nikkei…closing and maintaining over … Continue reading
BLK…a close over 260.54 puts in an ORH pattern, however 261.75 is near term resistance. Closing over this level is positive. This should test 268-69 if the pattern sustains. AAPL…a close today over 421.25 puts in an ORH 427.30 is … Continue reading
Stocks.. Spu’s…are stuck. A new signal will be generated if we close over 1615 or under 1590. GDX… 25.17-44 is first daily resistance. GDXJ…38.48 is resistance followed by 40. No you’re not seeing things! This closed at 9.16 on Friday. … Continue reading
Spu/Bond…is trading once gain at a key mvg avg that broke the Spu’s 40 points the last time it failed at the avg..It’s not an inconsequential level. One again it will act as a big mkt pivot. 30 yr. Bonds…point … Continue reading
We’re viewing 238.70 as an upside closing pivot In BLK. After yesterday’s trip to the 18 mvg avg, closing above this level should be viewed as positive.